CHICAGO (November 13, 2012) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Grande Asset Hotels and Property Public Company Limited, a Bangkok-based real estate development company, for Hyatt Regency Bangkok, Sukhumvit. Expected to open in 2017, the hotel will be the first Hyatt Regency-branded hotel in Bangkok, and will join the already open Grand Hyatt Erawan Bangkok.
The plans for Hyatt Regency Bangkok, Sukhumvit represents an integral step towards the brand’s distribution in one of Asia’s key markets. Located in the heart of the rapidly expanding commercial city center, the hotel will be part of a mixed-use development that includes a boutique shopping experience and an upscale residential tower.
“Bangkok is a key gateway city in Asia and we are delighted at the opportunity to have a Hyatt Regency in this market. The hotel perfectly complements the currently operating Grand Hyatt Erawan Bangkok and the under-construction Park Hyatt Bangkok and will offer Hyatt guests a choice of high quality hotels,” said Ratnesh Verma, senior vice president, real estate and development, Asia Pacific, Hyatt Hotels and Resorts. “The addition of the hotel reflects Hyatt’s commitment to the region and to expanding its distribution in markets where guests are increasingly traveling,” added Verma.
Hyatt Regency Bangkok, Sukhumvit will feature 300 guestrooms, including 26 suites. Designed by renowned Thai architecture firm Bangkok Architects, the hotel will feature a three meal multi-cuisine restaurant, a specialty restaurant and a bar. Designed to offer a full range of services and facilities tailored to serve the needs of meeting planners, the hotel will have more than 10,700 sq ft (1,000 sq m) of contemporary meeting space, including a ballroom. Additional hotel amenities will include a six treatment- room spa, a fitness center, a swimming pool, and a club lounge.
“We are thrilled by plans for Hyatt Regency Bangkok, Sukhumvit,” said Watcharakiti Watcharothai, Grande Asset Hotels and Property Public Company Limited. “Bangkok continues to experience strong growth in visitor numbers and this solidifies its position as a major leisure and business destination in the South East Asia region. We believe the hotel’s locations, amenities and overall urban sophistication will be well suited to upscale corporate, leisure and business travelers’ needs.”
Centrally situated at Sukhumvit Road Soi 13 in close proximity to the Asoke station of the Bangkok Transit System, the hotel will offer efficient access and visibility, connecting guests with ease to key points of interest in the city and the airport. Given its central business district location, Hyatt Regency Bangkok, Sukhumvit will be surrounded by premium residences, the offices of major international companies and high-end retail stores.
For more information, please visit www.hyattdevelopment.com.
About Hyatt Regency
Hyatt Regency hotels are conveniently located in urban, suburban, airport, convention and resort destinations around the world. Properties range in size up to 2,000 rooms, feature intimate and large meeting spaces, and offer a full range of services and dining options tailored to serve the needs of conventions, business travelers or resort vacationers. Hyatt Regency enables all guests – whether they are traveling to work, unwind or gather in celebration – to feel productive and revitalized. www.hyattregency.com
About Grand Asset Hotels and Property Public Company Limited
Grande Asset Hotels and Property Public Company Limited is a listed company in the tourism and leisure category. The company has clear business goals and investment plans for the short-term and long-term: in the hotel and hospitality business, the company focuses on investment in luxury and upper-upscale hotels under world class hotel chains and in real estate development business, the company focuses on projects that provide short-term returns in prime locations such as the inner city business area near mass transit system both in the Bangkok metropolitan as well as major cities throughout the kingdom.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and Hyatt HouseTM brand names and have locations on six continents. Hyatt Residential Group, Inc., a Hyatt Hotels Corporation subsidiary, develops, operates, markets or licenses Hyatt ResidencesTM and Hyatt Residence ClubTM. As of September 30, 2012, the Company's worldwide portfolio consisted of 496 properties in 45 countries. For more information, please visit www.hyatt.com.
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